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Dec 30, 2012
12/12
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. >> just about everybody is trying to stop the tax cuts from exping. but billions in subidies for wind energy should be expiring. could they be right or will they blow up energy prices. we'll go in focus with steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thes thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done themrom darn near a century. these don't look so bad. like i or not, the majority of americs believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may b a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is nural gas there. it is 63 cents compared to $53. th is not a pay off to me. >> i will have to disagree with rick. last time w
. >> just about everybody is trying to stop the tax cuts from exping. but billions in subidies for wind energy should be expiring. could they be right or will they blow up energy prices. we'll go in focus with steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thes thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have...
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Dec 30, 2012
12/12
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i'm talking about taxes going up no matter what. taxes in the esident's health care law. a new tax on invesent income, a tax on medical device makers costing jobs, those aren't the only ones, that last tax forcing companies, many companies to yoff workers. and coming attractions for thehe new year, to ben stein, charles payne, todd schoenberger and sarah, charles, you first. >> let the flood gates open. listen, dagen, obviously, we know-- actually we don't know, but it's to nancy pelosi's point we're going to find out and i hope we like it. lot of taxes associated with obamacare. you mentioned the medic device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be a whole lot of taxes that just opens the gate for. this is just the beginning. >> ben, even if u look at action taken by the medical d
i'm talking about taxes going up no matter what. taxes in the esident's health care law. a new tax on invesent income, a tax on medical device makers costing jobs, those aren't the only ones, that last tax forcing companies, many companies to yoff workers. and coming attractions for thehe new year, to ben stein, charles payne, todd schoenberger and sarah, charles, you first. >> let the flood gates open. listen, dagen, obviously, we know-- actually we don't know, but it's to nancy pelosi's...
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Dec 30, 2012
12/12
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you got a fuel tax and fuel tax is a huge tax . they are using the argument to get better mileage now. maybe you don't need to do so much. it is based on mileage. >> wayne makes a good point about the privacy issue. transponder tracking my mile it is big brotherish. >> it is and john makes a good argument against it it is a important policy work. its probably a bad idea. we don't need new tax. thmileage tax could hurt fuel efficient car it is the and questions o heavy congesti times and it is unworkable idea and why the obama administration distanced it. >> we he a trust fund in 2013 and that is to go to the roads. it will be negative and needs a fuel tax to fund it again. >> it is not too long. it will go negative in 2015. the gas tax is raised continuously since it was enacted in the 1950s. they are paying 64 cents a gallon in taxings. why is that the only proposal. it why not freedom. there is it public assets in every country but here at home. la guardia. terrible airport owned by the government. new xico and new zealand. airpo
you got a fuel tax and fuel tax is a huge tax . they are using the argument to get better mileage now. maybe you don't need to do so much. it is based on mileage. >> wayne makes a good point about the privacy issue. transponder tracking my mile it is big brotherish. >> it is and john makes a good argument against it it is a important policy work. its probably a bad idea. we don't need new tax. thmileage tax could hurt fuel efficient car it is the and questions o heavy congesti times...
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Dec 22, 2012
12/12
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tax relief for a tax cut like he likes to. going over the cliff is the only way norquist controlled republicans are spared the wrath of grover which i believe having known grover for 35 years is indeed worse than the wrath of khan. so if a deal is more likely, why sell now. legitimate question, ain't it. it could be the major reason we didn't sell-off. we rallied 7%. even if boehner's plan b won and president said that's legitimate stillborn and couldn't be considered serious. there's been little selling in the last few weeks despite how much politicians clearly loathe each other and couldn't have a pbr. i believe we can quick selling off. more and more people recognize we could go over the cliff. even if this is why we shouldn't sell. you can get an achievable goal of helping with tax breaks. it could be possible as soon as next week. remember, it isn't a cliff where you have a hard landing. it's more like a jump on a trampoline or a deep swimming pool where there's a recovery is almost a certainty although it could be like o
tax relief for a tax cut like he likes to. going over the cliff is the only way norquist controlled republicans are spared the wrath of grover which i believe having known grover for 35 years is indeed worse than the wrath of khan. so if a deal is more likely, why sell now. legitimate question, ain't it. it could be the major reason we didn't sell-off. we rallied 7%. even if boehner's plan b won and president said that's legitimate stillborn and couldn't be considered serious. there's been...
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Dec 24, 2012
12/12
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is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> when you start talking about an issue of treatment of mental illness, the mentally ill should they have access to guns? well, there is a rational response that most americans have somebody who is not thinking clearly should not have a gun in their hands. but how do you define and that codify that into law? that's a much trickier issue. david: that was scott rasmussen with the latest poll on gun control and don't forget to tune into varney 9
is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our...
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Dec 26, 2012
12/12
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the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up for lower income earners. the maximum low rate would revert to 15% from 10% now, and investors see capital gains rate revert from 20%, revert to 20%, rather from 15% now. depending on what analysis you look at, average families could pay $2,000 to $4,000 more in taxes next year. ashley? ashley: that's the why it's called the cliff. thank you, peter. >> you bet. ashley: the speaker stuck in a storm, but the phones do work. bell ringing soon, and amazon known for customer service, especially over the holidays, but it's not cared over to the web hosting business. merry christmas for hollywood. ticket sales going through the roof. details when "count down" returns. ♪ ♪ >> well, earlier, of course, we touched on the weakness in retail after disappointing data. well, technology shares under pressure, especially the large cap names. the selling could be due to uncertainty on a budget deal and folks just wanting to lock in gains, potentially, of course, before taxes
the lapse of the tax cuts means the top tax rate reverts to 39.6 from 35% now. taxes would also go up for lower income earners. the maximum low rate would revert to 15% from 10% now, and investors see capital gains rate revert from 20%, revert to 20%, rather from 15% now. depending on what analysis you look at, average families could pay $2,000 to $4,000 more in taxes next year. ashley? ashley: that's the why it's called the cliff. thank you, peter. >> you bet. ashley: the speaker stuck...
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Dec 26, 2012
12/12
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raising taxes. we'll have to get serious. your guys just gave us, it was depressing enough to go out and have two double cheeseburgers and a milk shake. it was awful, and it's about time. we need a plus. we need something to charge up this economy, and getting this done. robert zelic on our board on the campaign to fix the debt, you know, the former head of the world bank, he said america is one good debt deal away from being the dominant economy for the next 25 years in the entire world. >> so you believe it's going town lock -- taking away that uncertainty is going to unlock cap "x" and hiring and consumers to open up their wallet? you think it will make that much of a difference? >> i believe it will. how many other arrows do we have in our quiver? >> there's an optimistic thought. better have another cheeseburger, governor. good to see you, again. thank you. >> good to see you guys. >> let's fix this. >> yeah. wouldn't that be nice. i'm the optimistic one on this show, and i'm starting to lose t
raising taxes. we'll have to get serious. your guys just gave us, it was depressing enough to go out and have two double cheeseburgers and a milk shake. it was awful, and it's about time. we need a plus. we need something to charge up this economy, and getting this done. robert zelic on our board on the campaign to fix the debt, you know, the former head of the world bank, he said america is one good debt deal away from being the dominant economy for the next 25 years in the entire world....
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Dec 26, 2012
12/12
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gains tax. it's a bad time to move into apple. things like intel. something that the market beat up all year, you know, in the name of it being old world p.c. i think it -- push it to a point where the valuations are reasonable. stuff -- some of the utilities like s.o., aep, hit hard for tax reasons. when the new year starts, i think people will start moving back into those. i think there's things to buy. >> jim, it sounds like you're saying risk on as we approach january 1. i want to talk about the vix. i know that you watch that closely. we're watching it sitting under 20 now. not near the highs we saw when we were dealing with the debt ceiling debate. what's different about the fiscal cliff and what we were seeing then that's keeping the vix so low now? >> well, i think what it is is that the market's come to the realization that the budget thing is going to be clumsy. but at the end of the day, the fed is still prepared to inject more liquidity if things start to look bad. we have this push/
gains tax. it's a bad time to move into apple. things like intel. something that the market beat up all year, you know, in the name of it being old world p.c. i think it -- push it to a point where the valuations are reasonable. stuff -- some of the utilities like s.o., aep, hit hard for tax reasons. when the new year starts, i think people will start moving back into those. i think there's things to buy. >> jim, it sounds like you're saying risk on as we approach january 1. i want to...
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Dec 24, 2012
12/12
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you have to go to your tax person on that. when you put it in, there's a limit before you get hit with that business tax. check that out. epd, they are all coming down. every single one is coming down. i want to buy. louis in maryland. >> caller: dunkin brands. >> i like it very much. i wanted to buy it for my travel charitable trust recently, but i own starbucks for that one. that's one that ginny mentioned at the top of the lightning round. brandon in oregon. >> caller: how are you doing today? >> it's a good day. how about you? >> caller: real good. my question is what are your thoughts on snap-on? >> it's one of my favorites. let's go to gregory in mississippi. gregory. wow, gregory. >> caller: thank you for taking my call, mr. cramer. my question is on company wr grace. techer symbol gra. it's had a good run this year. i was wondering your opinion. >> i have to save that one. i used to know grace and i'm not sure what's in it and stock is red hot. i vow to be bullish about it if i can find out more about it other than the
you have to go to your tax person on that. when you put it in, there's a limit before you get hit with that business tax. check that out. epd, they are all coming down. every single one is coming down. i want to buy. louis in maryland. >> caller: dunkin brands. >> i like it very much. i wanted to buy it for my travel charitable trust recently, but i own starbucks for that one. that's one that ginny mentioned at the top of the lightning round. brandon in oregon. >> caller: how...
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Dec 30, 2012
12/12
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because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the subchapter s corporation. i think it would have a very significant effect. the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says let's raise taxes instead. we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his j
because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the...
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Dec 24, 2012
12/12
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on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is a larger plan that really does stabilize the debt and get us moving in the right direction. >> if we get down to the end of this year and the oil only choice we have is to save taxes going up on the middle class, then i would support that. but i wish we had a comprehensive bill that dealt with spending and entitlement altogether. >> i believe the president senses a victory at the bottom of the cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece. no more borrowing without addressing why we're in debt to begin with. that's where the rea
on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is a larger plan that really does stabilize the debt and get us moving in the right direction. >> if we get down...
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Dec 30, 2012
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short-term expiring tax cuts, including e paoll tax cut. you know, it's not the best way to solve a problem, but this cliff is the result of not coming up with deals and they're not going to come up with battery deal if it' negotiated it's not the ideal way to solve it out after deficit. we'd like to gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the oer guest's int, close t a trillion dollars anyway, and it's the clost shot leaves us with a deficit and closing this gap we can't get out of. and since they lowered taxes they raise spending and two things have to convening and one unfortunate way to do it. >> aren't we in the end, toby, go to get a bad deal? >> from the market standpoint we want to this riding in the last moment on white horses kumbayah, i believe the last hour the last day. >> the markets have been down had a bad week, selloff. >> in the futures market on friday, just after the guy came outen said maybe we have a deal, shot up a hund
short-term expiring tax cuts, including e paoll tax cut. you know, it's not the best way to solve a problem, but this cliff is the result of not coming up with deals and they're not going to come up with battery deal if it' negotiated it's not the ideal way to solve it out after deficit. we'd like to gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the oer guest's int, close t a trillion dollars anyway,...
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Dec 23, 2012
12/12
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republicans can do tax reform more straight forwardly and the president can do his own version of tax policy and spending policy but that would have to be done quickly. >> peter, you write that you want the discussion, the deal to be tax hikes and entitlement reform. do you want it to be more comprehensive than that or are those two the key elements? >> at this point, those are the two key elements. one is necessary for resolving the fiscal cliff. the other is significant to getting a debt limit increase. we really need to do both. i agree, we'll have a deal by mid to late january by the latest. but the risk in that, a half-hearted deal. an opportunity to do a bigger, much more ambitious deal and that is what i think we should be seeking. >> that deal would be tax reform plus entitlement reform or how important to you think this whole idea of comprehensive tax reform is? >> i think it's desirable and easier to say and hard to do. in the meanwhile, useful from my perspective to lock in some additional revenue to help on the medium term deficit. >> people on the left this whole idea of
republicans can do tax reform more straight forwardly and the president can do his own version of tax policy and spending policy but that would have to be done quickly. >> peter, you write that you want the discussion, the deal to be tax hikes and entitlement reform. do you want it to be more comprehensive than that or are those two the key elements? >> at this point, those are the two key elements. one is necessary for resolving the fiscal cliff. the other is significant to getting...
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Dec 25, 2012
12/12
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taxes. and, on top of health care, that's why we have not gotten really any better off in unemployment than when the president took office. i just think it's time for us to stop talking about making it harder to create jobs and instead, say we champion small business and we want you to grow and expand and give us a great economy by hiring people. gerri: senator, i like what you said about stability and predictability. i think that's what a lot of people are looking for out there. thanks for coming on the show. great to have you here. i hope you come back soon. >> thanks, gerri. i love being on. thank you. gerri: thank you. a federal tax credit for wind power producers expires in 2013. the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this i
taxes. and, on top of health care, that's why we have not gotten really any better off in unemployment than when the president took office. i just think it's time for us to stop talking about making it harder to create jobs and instead, say we champion small business and we want you to grow and expand and give us a great economy by hiring people. gerri: senator, i like what you said about stability and predictability. i think that's what a lot of people are looking for out there. thanks for...
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Dec 29, 2012
12/12
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and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you taxax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk a little bit about competitiveness. let's detail that. low capital gains is important to our nation's competitiveness. but also, to the competitiveness of these companies that we are talking about. >> absolutely. let's say that you are a young indian or chinese entrepreneur with a science degree or engineerindegree and you graduate from mit. you want to start a high-tech company. would you started in the united states, where you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax te is zero? many of our major partners have zer
and they are taxed again at the individual level. with the dividend and capital gains taxes. george bush, to his credit, tried to do something about that and he chopped the dividend and capital gains tax down to 15%. the effect of that was to reduce the incentive for corporations to take on too much debt. if you taxax equity too much, corporations take on too much debt. then it's more likely that they become bankrupt and to destabilize the whole system. gerri: you talk a little bit about...
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Dec 30, 2012
12/12
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, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me mention one state where democrat gina amando the state treasurer pushed through a terrific pension reform, probably the best in the country, but if you look at other states where the democratic coalition is dominant, illinois, for example, new york state and california, you see a very different policy mix. which direction are they going? >> their policy mixes to mirror what's happening in washington, which is do not address any of your structural spending problems and need to add spending and ask your taxpayers in particular to-- the weal
, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me...
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Dec 25, 2012
12/12
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they don't like the tax penalty for it. would you give them a tax holiday? you have to put it to use and do something? >> they tried that in 2004 and they brought back hundreds of villains. they put the murders and bonuses and what we have to do is recognize the president obama is not an economic dictator. the federal reserve can bring interest industry rates much lower. so we have to go to these two other areas are overwhelming support of inflation adjusted minimum wage. >> i'm not alone in an environment like this, how are you going to compel businesses, fast food joints and the rest, but it's in there interest to raise the rates when they are barely getting by as it is just as henry ford did back before world war i to $5. he said he wanted people to buy the cards. that's what you got to do. neil: so what about substance of the country where they have jobs with $10 an hour. were people really aren't jumping on these jobs. where we have a country where help wanted advertising is at an all-time high. a lot of people, for whatever reason, it are having troubl
they don't like the tax penalty for it. would you give them a tax holiday? you have to put it to use and do something? >> they tried that in 2004 and they brought back hundreds of villains. they put the murders and bonuses and what we have to do is recognize the president obama is not an economic dictator. the federal reserve can bring interest industry rates much lower. so we have to go to these two other areas are overwhelming support of inflation adjusted minimum wage. >> i'm not...
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Dec 29, 2012
12/12
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did anybody think about the ramifications like these tax cuts, these tax cuts and all this spending going on? >> well, i think that the question is, you know, how do we pay for the tax cuts. and i think there are reasonable ways to do so. it just seems that our friends on capitol hill on both sides of the aisle have a difficulty in, you know, making necessary -- making necessary spending reductions to enable progrowth policies to persist. and that's an unfortunate thing. yeah, look, this was -- i heard a previous guest say this was a deal with the devil because it, you know, because it -- you got tax cuts now for ten years and a date certain for when they would go away. that's true, but we thought we were dealing with adult policy makers in washington and we thought that people would do the right thing with respect to fiscal policy. look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fiscal policy in a way that wouldn't do damage to the overall economy
did anybody think about the ramifications like these tax cuts, these tax cuts and all this spending going on? >> well, i think that the question is, you know, how do we pay for the tax cuts. and i think there are reasonable ways to do so. it just seems that our friends on capitol hill on both sides of the aisle have a difficulty in, you know, making necessary -- making necessary spending reductions to enable progrowth policies to persist. and that's an unfortunate thing. yeah, look, this...
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Dec 26, 2012
12/12
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david: without hiking tax rates. a couple months later he came out with his 2012 budget in which he said the tax system should be simplified. it worked for all americans with lower individual and corporate tax rates and fewer brackets. what changed his mind? >> he came out after the election saying he wanted 1.6 trillion in tax hikes, and his election kind of made him go for something figure. even though that meant he couldn't get an agreement. my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top ta
david: without hiking tax rates. a couple months later he came out with his 2012 budget in which he said the tax system should be simplified. it worked for all americans with lower individual and corporate tax rates and fewer brackets. what changed his mind? >> he came out after the election saying he wanted 1.6 trillion in tax hikes, and his election kind of made him go for something figure. even though that meant he couldn't get an agreement. my personal view he does not want an...
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Dec 29, 2012
12/12
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lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enoughevenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business. there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the white house to talk big with the big guys, but small business thatf creates most thes
lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enoughevenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're...
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Dec 25, 2012
12/12
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i got a kick out of thigh 2, the question of the, should we tax the richmore. >> yes. >> no. >> i think she goes on instinct, but he understands economy. >> i wish them luck. >> my bottom line if we keep you voting for politicians that want to pass more laws and raise more taxes, and spend more money, the result will be a country governed by piecemeal social implemensocialism,biggest leaves prosperous and less free, being realistic means we have to fight our instinct. that is our show, thanks for watching. watching. good night with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity opon.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.
i got a kick out of thigh 2, the question of the, should we tax the richmore. >> yes. >> no. >> i think she goes on instinct, but he understands economy. >> i wish them luck. >> my bottom line if we keep you voting for politicians that want to pass more laws and raise more taxes, and spend more money, the result will be a country governed by piecemeal social implemensocialism,biggest leaves prosperous and less free, being realistic means we have to fight our...
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Dec 30, 2012
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estate tax, that's a big sticking point. the senate republicans will insist it sticks at its current rate. >> thank you. we'll be back in a moment. this is "hard ball," the place for politics. [ buzzing ] for politics. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. "are you a cool mom?" i'm gonna find out. [ female announcer ] swiffer wetjet's pads are better than ever. now they have the scrubbing power of mr. clean magic eraser so you don't have to get down on your hands and knees to scrub away tough, dried-on stains. hey, do you guys think i'm "momtacular" or "momtrocious"? ♪ [ female announcer ] swiffer. now with the scrubbing power of mr. cl
estate tax, that's a big sticking point. the senate republicans will insist it sticks at its current rate. >> thank you. we'll be back in a moment. this is "hard ball," the place for politics. [ buzzing ] for politics. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. starts with...
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Dec 29, 2012
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tacking them, taxing carbon would help give cues to drive investment into clean energy. another way -- >> they are very skeptical about clean energy. you also have to realize it's a terrible investment for the past decade. this is not an easy problem. >> one of the problems is lack of markets. the government could do a lot to fix that by consuming clean energy and vehicles. the federal government is in the u.s. is the single largest consumer of clean energy. if you add state and federal spending, if you look at the percentage of the gdp, the public sector, it's over 1%. >> and what helps is lots of natural gas in the united states. so there's even an alignment with what i think are going to be the economic interests. >> so the problem is that will probably make the unemployment problem worse and that lowers the return to investing in a heavy industry, that lowers the average real interest rate and the problem that they face is that the real interest rate is negative and that makes it difficult for us to achieve full employment. so you're making that problem harder by tax
tacking them, taxing carbon would help give cues to drive investment into clean energy. another way -- >> they are very skeptical about clean energy. you also have to realize it's a terrible investment for the past decade. this is not an easy problem. >> one of the problems is lack of markets. the government could do a lot to fix that by consuming clean energy and vehicles. the federal government is in the u.s. is the single largest consumer of clean energy. if you add state and...
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Dec 26, 2012
12/12
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and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's no real cuts in the cliff. >> you guys sound like congress. keep on arguing behind the scenes. enjoy yourselves. thank you so much, michael. peter, you're sticking around. >>> meantime, the fiscal cliff may be a big deal but there is another threat out there which might be in the short term more risky. the container cliff. businesses up and down the eastern seaboard are bracing for a massive port showdown as unions threaten to strike and possibly shut down most imports and exports out of this country. let's add in cnbc contributor jimmy peeb. we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal
and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's no real cuts in the cliff. >> you guys sound like congress. keep on arguing behind the scenes. enjoy yourselves. thank you so much, michael. peter, you're sticking around. >>> meantime, the fiscal...
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Dec 28, 2012
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the payroll taxes is going away. making sure that -- things like unemployment insurance, huge stimulus for the economy, one of the highest multipliers, if that was gone we would have -- you know, we would be dumping back into another recession the president is a fan of abraham lincoln but creating a civil war is hyperbolic even for charles krauthammer. where is that guy? can we sign him up? where is he lurking now? the reality is this man has been willing to compromise to the chagrin of those progressives on and on the left so much of the political capital he's generated as a result of his re-election, again, in deference to the common good. he's looking out for the american people but the problem is here that the republicans to -- borrow the phrase here, at gunpoint. literally have us with -- if we want assault bans, let's ban the assault of the right-wing element of the conservative party against president obama by holding hostage american interests here. >> they got enough of that last year and clearly haven't. >>
the payroll taxes is going away. making sure that -- things like unemployment insurance, huge stimulus for the economy, one of the highest multipliers, if that was gone we would have -- you know, we would be dumping back into another recession the president is a fan of abraham lincoln but creating a civil war is hyperbolic even for charles krauthammer. where is that guy? can we sign him up? where is he lurking now? the reality is this man has been willing to compromise to the chagrin of those...
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Dec 27, 2012
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, tax cuts for everyone making under 250, can republicans say no to a tax cut in 2015? >> it will be tough but not tougher than the pr battles he's fighting right now. i think he wants that scenario. i think obama thinks going off the click is a win for him. he can say i am bringing in revenue, i am lowering the deficit. and he can still blame the gop when their tacks go up. i don't think the grass pollen had the ball in this fight. i don't think they gave it up, i don't think they ever had it. it's tough for them to win against a white house like this and a white house press core that's not going to report anything negative against the president. >> there's a ball and the ball is the debt ceiling. all these things, i will get to craig, but have to go through the house. the money negotiations have to go through the house. if the house says no on raising the debt ceiling, they can create a lot of havoc. go ahead, greg. >> you know what? i don't care anymore. >> oh, okay. >> because as a human being in this discussion i've already lost, both options going over the fiscal
, tax cuts for everyone making under 250, can republicans say no to a tax cut in 2015? >> it will be tough but not tougher than the pr battles he's fighting right now. i think he wants that scenario. i think obama thinks going off the click is a win for him. he can say i am bringing in revenue, i am lowering the deficit. and he can still blame the gop when their tacks go up. i don't think the grass pollen had the ball in this fight. i don't think they gave it up, i don't think they ever...
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Dec 30, 2012
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take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of america, $250,000 doesn't make you rich. have you two kids in college at $60,000. if you're a boomer, you may have a dependent parent of some kind. spending another $20,000 or $25,000 on that. you have to have a definition of what is the middle class.
take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a...
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Dec 28, 2012
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people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset. they can say we votes to cut taxes for 98% of households. but it is the only scenario that i cap see out there in the near term. >> the building that read has passed. let's lis ep to what mitch mcconnell said about that? >> the senate bi
people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your...
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Dec 28, 2012
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. >> tax hikes remain at the center of the stand-off. what is the dividing line between those gets those tax breaks extended and those who do not. they're holding out hope for an 11-hour deal. hardly the first time that washington has pushed things to the edge. >> i actually think there's still a chance to get something done. so, you know, these deals usually come together at the last moment. >> why are you cautiously optimistic when it seems everyone else is saying we're going to go over the cliff? >> well, to paraphrase ronald reagan, there's so much manure around here there has to be a pony around here. no one wants tax hikes on 98% of the american people. >>> the president faces a potential default in the coming months unless the debt ceiling is raised again. a mo >> it's somewhat like taking your child hostage and saying to somebody else i'm going to shoot my child if you don't want done. there's no republican leader that wants to default on our debt that i talked to, that should be nonpartisan. >> congressman, not the best choice o
. >> tax hikes remain at the center of the stand-off. what is the dividing line between those gets those tax breaks extended and those who do not. they're holding out hope for an 11-hour deal. hardly the first time that washington has pushed things to the edge. >> i actually think there's still a chance to get something done. so, you know, these deals usually come together at the last moment. >> why are you cautiously optimistic when it seems everyone else is saying we're...
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Dec 29, 2012
12/12
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taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in four years when it comes to policy making, and the reason we are here is that the delay decisions for the past two years. i do think that something will happen because if it doesn't the consequences will be so severe i
taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any...
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Dec 28, 2012
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automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers wil
automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting...
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Dec 24, 2012
12/12
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the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. implts joining me are off and o
the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel...
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Dec 27, 2012
12/12
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raising taxes for everybody making more than $250,000 a year and adding a few other tax-related items in there. maybe spending but it's unclear. the question is whether or not they can put all that together in a way to get enough republican votes in order to pass the senate and then would have to have enough votes to pass the house as well. whether they can do that in the next few days is an open question. >> just procedurally too, that takes time. and congress notoriously moves slowly. one wall street economist suggested, and this caught my attention, bun ji jump off the cliff. meaning we'll bounce back afterwards meaning once the tax hikes goes into effect congress will have no choice. they will have to introduce a bill that everyone can agree on. what's your take on that. what are your congressional sources saying to you privately? >> they are saying the betting money is on that right noug. it's an interesting way to put it. the whole concept of taking a vote in the next five days on anything would effectively would be to raise taxes. each of the senators would be taking a vote tha
raising taxes for everybody making more than $250,000 a year and adding a few other tax-related items in there. maybe spending but it's unclear. the question is whether or not they can put all that together in a way to get enough republican votes in order to pass the senate and then would have to have enough votes to pass the house as well. whether they can do that in the next few days is an open question. >> just procedurally too, that takes time. and congress notoriously moves slowly....
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Dec 30, 2012
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i want to get my first income tax check. i want to get a driver's license. i want to get a car that's legit under my name. >> have you ever had any of these experiences? >> no. >> but later in our stay, sanchez found out that due to a miscalculation of his sentence, his release would be delayed by 15 days. >> when we checked in with joe a couple weeks later, he was preparing to go to a meeting with prison staff. he was going to be told that they had miscalculated his good time. he was going to have to stay in prison longer. >> are you going to come out or not? >> he knew all this going into the meeting, but he still had a very bad reaction. >> stay with your back to the door. >> oh, cut it out. >> you cut it out. >> it's protocol for an inmate when he's leaving his unit to be strip searched and they have to squat and cough so staff knows he's not hiding any weapons in a body cavity. joe had been doing that forever. he had done it a million times, and suddenly as he was nearing his release date he started to refuse to do it. >> no, i ain't got nothing on me.
i want to get my first income tax check. i want to get a driver's license. i want to get a car that's legit under my name. >> have you ever had any of these experiences? >> no. >> but later in our stay, sanchez found out that due to a miscalculation of his sentence, his release would be delayed by 15 days. >> when we checked in with joe a couple weeks later, he was preparing to go to a meeting with prison staff. he was going to be told that they had miscalculated his...
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all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they want to cut programs that are incredib incredibly popular. anytime you are set against the consensus of public opinion it is a difficult course. you have to acknowledge that reality. as long as obama and democrats have that they will have the leverage as we repeat the negotiations in the decades to come. >> thank you for joining me. stick around we will be speaking with you two later this hour. >>> coming up the republican who is not afraid to stand up to his own party joins us live. what does he make of the sudden turn in the fiscal talks? is there still time to hammer
all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they...
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Dec 27, 2012
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the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the bill that the house sent over at all? the fact is, harry reid has -- needs to add republican cooperation. he wants to say, look, this isn't a game. this isn't show. you know, i can bring out a bill, pass a bill. if john boehner says i'm not going to look at that, what's the point? let's make something happen here. that is what the american people are looking for. we're concerned about the fiscal and economic policies. there's a recovery period that we're experiencing to put more challenges before the economy both consumers and investors. let's create certainty. let's make sure that we pass tax cuts fo
the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the...
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Dec 28, 2012
12/12
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any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, abou the tea party. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concern in the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate question, yes, we were better off than the depths of being in a whole. president cli
any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i...
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Dec 24, 2012
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i think they should be taxing guns the way they tax cigarettes. ashley: interesting. do you think the fact that we are edging to that edge of the cliff, do you think that is already priced into the market? >> i do not think that it is. i think everybody assumes that a deal will come down. the speaker was saying they will not pull the trigger on a deal until everyone's taxes go up. i think a lot of people would concur with that. that is the general feeling. ashley: what about the trade on crude, elliott, it is in a pretty narrow range right now? >> sitting right in the same narrow range for a month at least. hovering around $90, a little lower. there really is nothing going on here today. ashley: what pushes oil or crude higher or lower? >> well, there are multiple factors. technically, there is always supply and demand. i think the dollar is really what pushes this market around the most. the dollar goes up, we tend to go down and vice versa. it will sit and sit and sit and a story it will give to run in a different direction. ashley: what are you asking from santa in
i think they should be taxing guns the way they tax cigarettes. ashley: interesting. do you think the fact that we are edging to that edge of the cliff, do you think that is already priced into the market? >> i do not think that it is. i think everybody assumes that a deal will come down. the speaker was saying they will not pull the trigger on a deal until everyone's taxes go up. i think a lot of people would concur with that. that is the general feeling. ashley: what about the trade on...
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Dec 28, 2012
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david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain b b. ♪ all onhinkorswim from td ameritrade. ♪ hi hi ♪(whistling tune) ♪("don't worry be happy") shy david: it was wild in the pits at the cme was closing in chicago. sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, contin
david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting,...
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Dec 23, 2012
12/12
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WBAL
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even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him. >> for folks who maybe may not have focused, if no deal is done, virtually, everybody's taxes would go up, correct? >> correct. automatic spending cuts to defense, other social programs. this is washington. congress can act quickly when their backs are really against the wall. we could go over the cliff and they could still come back within a few days and do legislation that would mitigate much of the damage. >> you have the head of the nra on your program. we made that controversial statement about putting armed guards into schools. where does this debate go, david? >> the big question is, twofold. does the president want this fight. is he prepared to extend the political capital to get gun control legislation. does the nra want to be part of this discussion or not? was wayne lapierre girding for a fight or does he want to be part of a broader discussion about how to deal with this kind of violence?
even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him. >> for folks who maybe may not have focused, if no deal is done, virtually, everybody's taxes would go up, correct? >> correct. automatic spending cuts to defense, other social programs. this is washington. congress can act quickly when their backs are really against the wall. we could go over the...
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Dec 24, 2012
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because they know that we don't want to increase taxes. so i do think everyone coming toe, and it's going to take everyone, the president, the vice president, the house and sena senate. >>> are you saying there's several dozen that did not support plan b, they were not looking at this practically? >>> i agree with them. however, we're at a point where we will not get what we think is right for our economic and country, because we don't control government. so we've got to work within the system we have. i think 250,000 as a threshold is way too low. we can't do that to people who have a lot of expenses. we need to up that amount that president obama wants to raise taxes on. >> he was putting it at 400,000 senator, i want to move to the issue of guns. we heard what ray lapierre said earlier. he was singling out one of your colleagues. i want you to listen to part of his interview. >> you could ban all diane fine stein, done whatever you said to. she had insure bean and columbine occurred. >> is the revival of that ban, is that going to pass?
because they know that we don't want to increase taxes. so i do think everyone coming toe, and it's going to take everyone, the president, the vice president, the house and sena senate. >>> are you saying there's several dozen that did not support plan b, they were not looking at this practically? >>> i agree with them. however, we're at a point where we will not get what we think is right for our economic and country, because we don't control government. so we've got to work...
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Dec 29, 2012
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and what about the state -- estate tax. >> the estate tax punishes family farmers in my district and small business people. that money has been taxed a lot of times people have to selllet family farm to pay the taxes or family business it is it a shame and we need to get it fixed and solved. we need permanence and a bigger exemption and something like we have today would make it work. >> and congressman, what about the debt limit. we'll hit the debt ceiling, 16.4 trillion . is that going to be worked in this piece of legislation or is that after the new year. >> i hope that we are able to work it in this legislation. then we would avert another man made crisis that we are all too good at doing these days . ive would hope it is part of the package but should never be a part of the negotiation. i know you all discussed many, many times is something that is raised routinely over the last 50 years and something in the law and doesn't save us or spending more money it just shuts the government down . risks the full faith and credit of the united states it is it about recognizing the debts
and what about the state -- estate tax. >> the estate tax punishes family farmers in my district and small business people. that money has been taxed a lot of times people have to selllet family farm to pay the taxes or family business it is it a shame and we need to get it fixed and solved. we need permanence and a bigger exemption and something like we have today would make it work. >> and congressman, what about the debt limit. we'll hit the debt ceiling, 16.4 trillion . is that...
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Dec 27, 2012
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not through any tax breaks or anything like that. but through getting back to work and getting their paychecks back up. that's what they want to do. >> now, governor, you have had to deal with people of opposing parties. you've had to compromise. you've seen them compromise. that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate im
not through any tax breaks or anything like that. but through getting back to work and getting their paychecks back up. that's what they want to do. >> now, governor, you have had to deal with people of opposing parties. you've had to compromise. you've seen them compromise. that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made,...
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Dec 27, 2012
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because then obama gets the tax increase that he wanted, right? the republicans aren't seen by their constituency of giving into the tax increase and then they start from there, anew, and you can bring it down to the middle class tax cut. so, why isn't that the way it's going to be playing out and the meeting by the house on sunday, just optic. obama coming back, just optics. >> well, like i said a couple of minutes ago, it's the relief rally versus the negative impact of the fiscal cliff. in other words, the recession their forces in the cliff, so, you picture two, like a sea change. the relief rally where it's going to happen, when we get a deal. then you have the recession their forces of the cliff right after that, so, you can see those two forces. i've been looking -- >> stocks can trade up during a recession. not when you're going into it. as you see going out of it. >> but it's still $130 billion of new taxes that are hitting the economy. maybe 150. i'm looking at two-month vices future versus the eight-month and i've been tracking it. trac
because then obama gets the tax increase that he wanted, right? the republicans aren't seen by their constituency of giving into the tax increase and then they start from there, anew, and you can bring it down to the middle class tax cut. so, why isn't that the way it's going to be playing out and the meeting by the house on sunday, just optic. obama coming back, just optics. >> well, like i said a couple of minutes ago, it's the relief rally versus the negative impact of the fiscal...
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Dec 28, 2012
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up to $500,000 a year threshold for new tax hikes, but apparently not. the source familiar with what's going on inside the white house right now saying that the president is not making a new offer so it'll be interesting to see how that goes down with the g.o.p. leadership. we'll keep you up to date, of course. lauren, meantime, at the new york stock exchange, and sandra smith at the cme. lauren, to you first, he dough already down 117 points. >> session lows, ashley, and this week has not been a good one for the stock market, but we'll show you rare winners this week, and let's start with ford, in front of the poss right now, shares up today by a quarter of 11%, but up a remarkable 8% this week. genworth financial putting in a good week, sprint, good year tire, and other brands, showing you that too, the stock down today, but about.8%, a decent week, interesting, you know how bad the week is is when you talk about young brands, the biggest winner of 11.7% on the week, but amd, that's your biggest loser this week down 11.5%, down about 5.5% today alone.
up to $500,000 a year threshold for new tax hikes, but apparently not. the source familiar with what's going on inside the white house right now saying that the president is not making a new offer so it'll be interesting to see how that goes down with the g.o.p. leadership. we'll keep you up to date, of course. lauren, meantime, at the new york stock exchange, and sandra smith at the cme. lauren, to you first, he dough already down 117 points. >> session lows, ashley, and this week has...
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Dec 30, 2012
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and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell, was spotted at the capital. when asked if they would reach a deal, he told reporters, quote, i hope so. erica? >> many americans hoping so too. >>> david gregory is moderator of "meet the press." good morning. >> good morning, erica. >> you sat down with an exclusive interview with the president. did he seem optimistic to you? >> he says he is optimistic but really preparing to play hardball. his own approach, plan "b," is a small deal to get an extension of the middle class tax cuts and do very little else. the fight over the debt continues into the new year just wee
and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell,...